Bitly, a tech company known for URL shortening, looks like it's heading toward greener pastures and making more user products. The New York-based company is said to have raised about $20 million in funding, according to tech news site The Verge, citing multiple sources. This is double the amount the company raised in its previous round of funding.
"The link shortening has always been a bit of a Trojan Horse," investor Joshua Stylman told The Verge. "Bitly is really an analytics tool for tracking content across the open, distributed web, and doing it at a massive, … Read more